Angelo Grigorop...'s  Instablog

Angelo Grigoropoulos - Swiss Hellenic Group
Send Message
A view from the European perspective.
My blog:
  • SP500 - Technicals 0 comments
    Apr 30, 2009 2:53 AM | about stocks: SPY

    The June S&P 500 index closed higher on Wednesday as it extended the rally off March's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are diverging but remain bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, January's high crossing at 937.00 is the next upside target. Closes below the 20-day moving average crossing at 844.32 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 879.00. Second resistance is January's high crossing at 937.00. First support is the 20-day moving average crossing at 844.32. Second support is last Wednesday's low crossing at 823.10.

    Stocks: SPY
Back To Angelo Grigoropoulos - Swiss Hellenic Group's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • When push comes to shove Greeks are remarkably resilient. Who would expect the Athens Olympics to be flawless ? Not 1 bankruptcy in shipping
    Mar 2, 2010
  • Ladies and Gentlemen : Greece will NOT go bankrupt and the euro is NOT doomed. Whoever accepts this will profit handsomely.
    Mar 2, 2010
  • Performance of some of our competitors and other brilliant brains.1 month change:
    Feb 9, 2010
More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.